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New property listed in 313 - Downtown Kitchener/West Ward, 3 - Kitchener West

We have listed a new property at 409 104 Garment Street in Kitchener. See details here

Available for immediate occupancy! Move in and enjoy the summer on the outstanding patio. Amazing opportunity to live in this nicely appointed, downtown condo with a 530sq ft. private terrace. This 2 bed, 2 bath, 1063 sq ft unit is located in Tower 2 of the Garment Street Condos in the heart of the Innovation District. Features include luxury vinyl plank flooring throughout, cool, crisp neutral paint colours, built in closet organizers in every closet, sleek modern kitchen with island, granite countertops and beautiful backsplash. Stainless steel appliances included for tenants use. Primary bedroom has lots of natural light, double closet and 3 piece ensuite bathroom. Walkout from the living room to an enormous private terrace that wraps around the whole unit and offers a panoramic view of downtown Kitchener. A second bedroom, full bathroom, custom blinds throughout, insuite laundry and a storage room complete the unit. 1 underground parking spot and internet is also included. The building amenities include an Exercise Room, Media Room, Party Room, Roof Top Deck/Garden, Bike Storage. Walking distance to the LRT, the School of Pharmacy, GOOGLE plus much more. Beautiful Victoria Park is a short walk and hosts many community events and festivals throughout the summer. Downtown Kitchener offers great restaurants, bars, pubs, entertainment and shopping. GO and VIA are also nearby for commuting into TO. 12 month lease + utilities (hydro), no smoking, no pets.

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Open House. Open House on Sunday, May 10, 2026 2:00PM - 4:00PM

Please visit our Open House at 120 Lorraine Avenue in Kitchener. See details here

Open House on Sunday, May 10, 2026 2:00PM - 4:00PM

Beautiful bungalow with ensuite and attached garage! This well-maintained 3 bed, 3 bath home offers a bright, open-concept layout with hardwood floors and a functional kitchen with backsplash, corian countertops and appliances included which flows seamlessly into the sun-filled dining and living areas. A generous primary suite with a luxurious ensuite boasting heated floors, a walk-in shower, and double sinks. A second bedroom with a built-in Murphy bed (included), a 4-piece bath, and convenient main floor laundry complete the main level. The finished lower level adds great additional living space with a games room (pool table included), a cozy rec room with built-in gas fireplace, a third bedroom, and a full bathroom as well as storage and utility rooms. Step outside and enjoy a private backyard with patio, plus an attached garage with workshop space. Additional highlights include a steel roof, no rented equipment, and a fantastic location close to all amenities in a desirable neighbourhood. A move-in ready home you won’t want to miss.

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📊 Waterloo Region Real Estate Update – April 2026

As of May 5, 2026: April continued to build on the spring momentum we saw in March, with sales and new listings both on the rise across Waterloo Region. Prices are still adjusting year over year but the pace is stabilizing, and well-priced homes are still getting good results. Here is a quick look at what stood out this month:

  • 🏠 563 homes sold
  • 📋 1,390 new listings came to market
  • 💰 Average price for all residential real estate: $754,433 (down 3.8% year over year)
  • ⏱️ Average days on market: 25

Single-family homes saw 361 sales in April, with an average price of $867,132, down 5.7% compared to last year. Months of inventory sits at 2.7 months, reflecting relatively tight conditions in the detached segment. Keep in mind that is the average -- there are plenty of homes selling above and below that number depending on location and condition.

Looking at other property types, 41 semi-detached homes sold with an average price of $612,954 and just 1.4 months of inventory, making it the tightest segment in the market right now. Condominiums recorded 53 sales with an average price of $426,833 and 8.6 months of inventory -- buyers in this segment have more options and more negotiating room than anywhere else in the market. Meanwhile 106 townhomes sold at an average price of $591,496 with 4.4 months of inventory, continuing to offer solid value for buyers looking for more space.

Overall the Waterloo Region market is moving but it rewards the right strategy -- the right price, the right presentation, and a little patience. Homes that are well priced and well presented are still selling across all segments.

If you would like a deeper breakdown by Kitchener, Waterloo, Cambridge, or by your specific property type, Melanie and I are always happy to walk through the numbers with you and help you understand what they mean for your next move.

https://cornerstone.inc/waterloo-region-housing-stats/

Waterloo Region
Melanie & Warren McNeil, REALTORS®
Peak Realty Ltd., Brokerage
hello@teammcneil.com
519-590-3767 ~ 519-498-8118

Melanie & Warren McNeil  ·  Peak Realty Ltd.
Waterloo Region Real Estate: April 2026 Market Update
Average residential sale prices continue to adjust across all major housing categories, while sales volume and new listings show continued spring momentum month-over-month.
Core Market Indicators
Avg. Residential Sale Price
$754,433
▼ 3.8% year over year
All residential property types
Avg. Days on Market
25
▲ 4.2% year over year
5 days faster than March
New Residential Listings
1,390
▼ 0.9% year over year
▲ 27.8% vs March  ·  spring pickup
MLS Sales
563
▼ 7.6% year over year
▲ 14.0% vs March  ·  steady buyer activity
Months of Inventory  ·  All Types
3.6
0.0% year over year
Balanced market
Market Context
Sales and listings both rising month-over-month as spring gains traction. Prices still adjusting year-over-year across all property types. The condo segment carries the most inventory. Semi-detached remains the tightest segment at 1.4 months.
Property Type Performance
Single-Detached
361
units sold
$867,132
▼ 5.7% YOY
2.7 months supply  ·  ▼ 3.6%
Semi-Detached
41
units sold
$612,954
▼ 7.4% YOY
1.4 months supply  ·  ▼ 12.5%
Townhome
106
units sold
$591,496
▼ 4.8% YOY
4.4 months supply  ·  ▼ 4.3%
Condo
53
units sold
$426,833
▼ 9.8% YOY
8.6 months supply  ·  ▲ 14.7%
Unit Volume and Price Shifts
Property Type Units Sold Avg. Sale Price Price Change Months Supply
Single-Detached 361 $867,132 -5.7% 2.7
Semi-Detached 41 $612,954 -7.4% 1.4
Townhome 106 $591,496 -4.8% 4.4
Condo 53 $426,833 -9.8% 8.6
Melanie & Warren McNeil, REALTORS®  ·  Peak Realty Ltd., Brokerage  ·  519-590-3767  ·  teammcneil.com
Source: Cornerstone Association of REALTORS®  ·  as of May 5, 2026

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